In the last 10 years, the cost of electricity has gone up 133%. That's quite a shocking statistic.
Inflation is one of the biggest threats to your retirement. But it's easy to manage.
Inflation is the rise in the cost of living. The same electricity bill that cost you $100 in 1973 would now cost $295.24.8 In 15 years' time, keeping the lights on could cost $1,051.71 if inflation keeps rising at the same rate.
Over time, inflation reduces the purchasing power of your money, which means the same amount buys you less. It's important to save now for a more expensive future, so you can plan ahead and make sure you're free to do all the things you want to in retirement.
How can you manage inflation risk?
Choose an investment that targets above-inflation returns: we're here to help with a portfolio that aims to deliver returns above inflation over defined time frames, regardless of what global markets are doing. That means you manage the risk of inflation and can plan for a smoother ride in retirement.
